KfW

Turkey?s Limak said on May 27 it had secured a 395-million-euro ($430.75 million) long-term project finance loan as part of a $520 million investment to modernize the Hamitabat power plant in northwest Turkey.

UniCredit, Yap? Kredi, ING, KFW IPEX and DZ Bank participated in the deal.

BELGRADE - The German Organisation for Technical Cooperation (GIZ) invested EUR 120 million in bilateral development projects in Serbia over the past 15 years, officials stated at the panel debate entitled '15 years of German-Serbian cooperation' at the Faculty of Political Sciences of Belgrade University on Friday.

PRIJEPOLJE - A project aimed at using biomass for district heating in Prijepolje (southwestern Serbia) and a EUR 100 million loan were the topics of a discussion between Prijepolje Mayor Emir Hasimbegovic and officials of Germany's KFW and the climate technology initiative DKTI.

By Dimitra Manifava

The government is making medium-term plans for the creation of a development bank whose exclusive function will be the funding of small and medium-sized enterprises (SMEs) and youth entrepreneurship, Economy Minister Giorgos Stathakis announced on Monday.

The first four funding contracts of the Institution for Growth in Greece (IfG) fund with small and medium-sized enterprises were signed in Athens on Monday in the presence of Prime Minister Antonis Samaras and the executive vice president of German investment bank KfW, Christian Funke.

Hundreds of small and medium-sized companies stand to get a much-needed cash injection through a loan refinancing program on offer at Eurobank and Piraeus Bank worth 200 million euros with an interest rate considerably lower than what is currently available.

BELGRADE - Serbia's Minister of Public Administration and Local Self-Government Kori Udovicki has met with a delegation from Germany, led by Christiane Bogemann-Hagedorn of the German Federal Ministry for Economic Cooperation and Development, to discuss ways to improve cooperation between the two countries.

Creditors of national carrier Bulgarian State Raliways (BDZ) are due to meet Deputy Prime Minister Daniela Bobeva on Tuesday to discuss the fate of the company.

International lenders are expected to elaborate on their refusal to slash Holding BDZ's debt by 30%, Bulgarian daily Standart reports.

Absurd: TENT Working with Half Power, Because of Un-drained Mines Germans Offering Millions, Serbia Reluctant

Because of flooded mines in Kolubara basin, Thermal Power Plant Nikola Tesla (TENT) becomes only the half of coal it needs.

 Institution for Growth to begin funding local companies with 200 million euros at lower interest rates

By Sotiris Nikas